Arrowstar Resources has reported that it is preparing to carry out an exploration campaign at the Rannie Lake iron ore project, located in Canada. It has finalized a desk top research of the available information.
The property has enclosed some 4,300 ha of area. The company has observed that outcrop is thin and undergrowth is productive. Arrowstar is considering a comprehensive ground-based sampling and geophysics study in July 2012, with respect to the availability of resources, ecological approvals, ground and weather conditions.
Rannie Lake property comprises 172 claims in a main zone rich in magnetite, in the Sokomon Iron Formation, which lies in the Labrador Trough. The property has gained similar strategic importance like the company’s Roberts Lake project. Large properties, owned by Rio Tinto and Altius Minerals, have enclosed the Rannie Lake property.
Terraquest carried out an aeromagnetic survey during 2001, for Canada-based Iron Ore Company. The purpose of the survey was to outline the Sokoman Formation expansion that contains the magnetic rocks between Rannie Lake and Fermont area with the help of high-resolution magnetic information. A ground survey will be performed by the company’s exploration team. Grab samples will also be collected.
Metataconite is a strongly metamorphosed iron formation that comprises recrystallized coarse-grained hematite and magnetite. Refolded iron formations stretch for several structural thicknesses. The iron ore can be separated easily from its gangue minerals and produces a high-grade concentrate of iron, through magnetic or gravity separation.
The company has aimed to find bona fide iron-oxide target areas. It has completed some work on previous structural analysis, but factors like grade, width, magnetic susceptibility, magnetite alteration etc. have to be determined.
Source: http://www.arrowstarresources.com/
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